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Endowment

Endowed funds at The Hill Center provide permanence and support for our future programs. Our staff would be pleased to discuss creating a named endowment fund with you, with an establishing gift of $10,000 or more.
 
Many members of the Hill community, including current and former parents, grandparents, alumni, corporations, foundations and friends have established named endowment funds to provide long-term support for student financial aid, faculty training scholarships, program development, and other needs of The Hill Center. Please click here for a list of our current endowed funds.


How Do Hill Endowments Work?

The Hill Center endowment portfolio is managed by SunTrust Banks and Commonfund under the direction of the Finance Committee of The Hill Center’s Board of Directors.  "Endowment funds" are permanently protected in terms of the principal, with only the interest used to sustain the operating budget. The school's current endowment spending policy is to draw 4.5% of the trailing three-year rolling average of the endowment's market value to be spent each year, and the remaining earnings are added to the principal. The endowments generate approximately $235,000 annually – 5% of the total budget.
 
The Hill Center’s endowment is a combination of restricted and unrestricted funds. As an aggregate, the funds generate income for The Hill Center on an annual basis supporting operating expenses and providing crucial dollars for faculty development, student financial aid, outreach programs, and much more.
 
For more information on endowments opportunities please contact Jeanne Tilley, Assistant Director of Development.
 
The information on this web site is illustrative only and is not intended to be legal or financial advice. For advice or assistance in specific cases, the services of an attorney or other professional advisor should be obtained.

3200 Pickett Road
Durham, NC 27705

Phone: 919.489.7464
Fax: 919.489.7466
Email: info@hillcenter.org

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